DOL Proposes Updating ERISA Voluntary Correction Program

By Kellie Mejdrich (November 18, 2022, 4:02 PM EST) -- The U.S. Department of Labor on Friday proposed allowing retirement plan managers to voluntarily self-correct when they fail to forward employee contributions on time or make other transaction errors, instead of having to first submit an application to the Employee Benefits Security Administration for review and approval.  ...

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